The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-28

| was setting aud no-one rzredt1'buy,
and prices dropped ta3c at Q
time. The impression had gone
ont before the OF ening that the
"cl'que" were about TO sell, and for the
firss few minutes there was q scramble
TO realiz, seldom Witnessed on the
Exchange. May declined 2ie to So,
while June declined one cent aud
July &c. DuIing the excitement May
dropped to lie below June, though
this premium was subsequently mar
rowed down again. When the selling
ceased to some extent, operators be.
gan to compare notes, and they came
70 the conclusion that some OF the
firms identified with the Clique" had
bought very freely Il June, and this
caused a frmsr feeling May ad-
vanced l3c, June 70 and July &c. In
the afternoon, however, the selling
was again OF a furious description,
and May dropped to Sla, and closed
for the day at 80, or 2fc lower than
yesterday; June one cent lower
and July &c lower. 1t was found
difficult to snalyzs the days
operations, but the prevalent be-
lief appeared to be that the
"ciqus" intended TO shift the load Of
carrying the wheat TO June on other
parties, removing the fear, in a meas.
ure, Of a May corner. The clearings
from the seaboard were 10000 bush.
els. The amount OF wheat on ocean
passage incrt a,ed $4,000 bushels.
The weakness in wheat was reflected
in corn, and throughout the day the
speculative offerings we're free, causing
decline Of s@2c, the market closing
at nearly inside figures. Receipts
were less than usual, and the esti.
ma ed arrivals for tomorrow were also
small. Oats were weak, aud
prices declined a. under
very free speculative offerings.
Os,h quotations were as follows: Flour
quiet and unchanged. No. 2
spring wheat, Sl3@Slsc; No 8 spring
wheat, 74(a7Sc; No. 2 red, Sl4@SlSc;
No 2 corn, S73c; No. 2 oats, 27ic;
No. rye, SIC; No. 2 barley, 54954ic;
No. flAxpeed, 81 06; prime timothy
seed, IL 60. The leading futures
ranged as follows: Wheat, No. 3
April opened at $3.50, highest SAGE,
lowest Sllc, closing at SlAc; May
opened at Sale, highest safe, lowest
sis,, closing at So; June opened
at Sic, highest SAC, lowest S23c,
closing at S2Sc; July opened at S3Aa,
highest S33i, lowest S23,, closing AZ
82i@S25c. Corn, No.2-April opened at
3Ssc, highest 3Ssc, lowest 37sc, clos.
ing at SIZE; May opened at SSsc, high.
est 38sc, lowest SIZE, closing at $50;
June opened at 40c, highest 4Otc,
lowest Sole, closing at 39sc; July
opened at Al &c, highest Al &c, lowest 4lAc,
closing at 4lfc. Oats, No. 2-April
opened at 27sc, highest 27sc, lowest
26bc, closing at cote; May opened at
este, highest 2Ssc, lowest 27sc, closing
at 27sc; June opened at 29j, highest
29c, lowest 2s5c, closing at 284c;
Jnlyopened at 29ac, highest 29br, lowest
90, closing at 291. Receipts
-Four, 10000 brls; wheat, l24 600 bu;
corn, $4,000 bu; oats, 107 900 gu; rye,
5000 bu; barley, $4,000 bu. Shipments
Flour, 5000 brls; wheat, 1900 blu
corn, 553, 900 bu; oats, 46 900 bu; rye,
1000 blu; barley, 1900 bu.
ST. LOUIS, Mo-, April 27.-Wheat-
cash and May higher; No. 2 red, cash.
8lf@8lic; May, S1ic; June, 8lka;
July, 79tc. Corn firmer; c,sb, $500
35sc; May, 354c; June, 36tc; July,
sac. Oats lower; cash, 28c; May,
27sc; June, CSC Cornmeal dull and
easy at 81 95@2. Receip's-Flour,
1000 brls; wheat, 5000 bu; corn, 1000
bu; Gate, $4,000 bu; rye, none; bar
ley, 5000 bu. shipments-Fou 5000 |
brls; wheat, 159, 900 bu; corn, $4,000 |
bu; oats, $4,000 bu; rye, none; barley, |
none
afternoon Board Wheat weak and |
lower; MAY, 8l@S0Bc; June, Sl5A
81 &c; July, 793@7SgC; August, 79s@
79sc. Corn lower but quiet; Nay, $500,
closing at S5ic asked; June offered a.
36fc; July, 37s,. Oats finer; May, |
274c; Jule, oslo; the year, 25c.